CFM Wealth Partners LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,018 shares of the financial services provider’s stock after buying an additional 941 shares during the period. CFM Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $3,489,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in JPM. Retirement Financial Solutions LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $26,000. Creative Capital Management Investments LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $30,000. HBC Financial Services PLLC raised its holdings in JPMorgan Chase & Co. by 61.2% in the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Horizons Wealth Management acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $39,000. Finally, New Millennium Group LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $39,000. 67.89% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 23,148 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the sale, the general counsel now directly owns 48,311 shares in the company, valued at $6,778,516.41. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 375 shares of the company’s stock in a transaction on Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the acquisition, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the sale, the general counsel now directly owns 48,311 shares in the company, valued at $6,778,516.41. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,887 shares of company stock valued at $5,315,762. Insiders own 0.79% of the company’s stock.
Analysts Set New Price Targets
JPMorgan Chase & Co. Stock Up 1.2 %
Shares of NYSE JPM opened at $130.31 on Friday. The firm’s 50-day moving average is $136.94 and its two-hundred day moving average is $130.07. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $383.55 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 2.00 and a beta of 1.12. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $144.34.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.46. The business had revenue of $34.55 billion during the quarter, compared to analyst estimates of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.33 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 12.9 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.07%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 33.11%.
JPMorgan Chase & Co. Profile
JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
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